Nestle to buy Alpo PetfoodsGrand Metropolitan PLC said...

BUSINESS DIGEST

September 20, 1994

Nestle to buy Alpo Petfoods

Grand Metropolitan PLC said yesterday that it would sell its Alpo Petfoods Inc. subsidiary to Nestle S.A. for $510 million in cash.

The acquisition would consolidate Nestle's already strong presence in the United States pet food market, where it is No. 2 behind Ralston-Purina. Nestle's brands include Friskies and Fancy Feast cat foods, Friskies Mighty Dog canned dog food and Chew-eez dog treats.

Martin to get air traffic contract

Federal regulators will award Martin Marietta Corp. a multi-million-dollar contract to integrate new technologies into the nation's air traffic control system, Bloomberg Business News reported yesterday.

The new technologies include a satellite-based navigation system and advanced equipment for weather surveillance, Bloomberg said, citing unnamed sources.

Bethesda-based Martin, which last month agreed to merge with Lockheed Corp., will also help streamline the communications systems that link the air traffic network. The three-year contract reportedly will be let by the Federal Aviation Administration, but there was no word on the work's dollar value.

Cumberland Macaroni bought

A Toronto businessman has purchased the assets of the 89-year-old Cumberland Macaroni Co., renamed the firm and promised to invest $500,000 in equipment upgrades and marketing.

Robert A. Bratti said yesterday he paid $200,000 for the Cumberland plant, which employs 30 people. The sale closed Aug. 20, he said.

The state's Department of Economic and Employment Development lent Mr. Bratti $200,000 toward improvements to the building.

Mr. Bratti said he named his new company the Cumberland Pasta Co. and is registering a retail brand name as a part of plans to expand beyond institutional sales.

Md. insurance agency accredited

The Maryland Insurance Administration won national accreditation, as expected, during the fall meeting of the National Association of Insurance Commissioners in Minneapolis over the weekend.

The stamp of approval, good for five years, follows a major upgrading of the regulatory agency.

Herbert Haft sues son Ronald

Herbert H. Haft, patriarch of the feuding Washington family that once controlled a vast empire of discount book and drugstores, filed suit yesterday against his son, Ronald S. Haft, charging that he took part in a plan to misappropriate at least $7 million from him.

The suit, filed in Superior Court of the District of Columbia, names Ronald Haft and Donald Bourassa, an executive of Combined Properties Inc., the family's privately held real estate company.

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